SI International's Stockholders Approve Agreement and Plan of Merger
Date : 13 November 2008
Serco Group plc (Serco) and SI International, Inc. (NASDAQ: SINT) today announce that SI International's stockholders have voted to adopt the Agreement and Plan of Merger proposed at SI International' special meeting of stockholders held today. The approval of SI International's stockholders is a condition to completion of the proposed acquisition of SI International by Serco.
As announced on 27 August 2008, Serco has signed a definitive agreement to acquire SI International and the transaction has been approved by the boards of directors of both companies. The mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed acquisition expired on 17 October, 2008. The closing of the acquisition remains conditional upon regulatory approvals including Exon-Florio, and customary closing conditions. The proposed transaction is expected to be completed before the end of 2008.